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Started By
Message
re: Is there a way to make a large cash withdrawal?
Posted on 3/12/16 at 10:17 pm to Haplochrom
Posted on 3/12/16 at 10:17 pm to Haplochrom
Edited: Didn't see response on pg 2
This post was edited on 3/12/16 at 10:20 pm
0
Posted on 3/12/16 at 10:21 pm to Seeing Grey
quote:
quote:
Um stop posting. You having 10k in cash makes you a huge target to law enforcement. If you are pulled over say bye bye to the cash.
That's just the local cops. If you pull out just under 10k, the IRS can seize your house under 'structuring laws', if they think you're evading paperwork required under financial disclosure laws.
I'd delete this thread if I were you.
____________________________________
So much fail in one post, it's not illegal to have cash on you in any amount.
Second, it's not illegal to withdrawal $9,999. It's just reported like every other 10k+ withdrawal. Now systematically doing something like that will draw scrutiny, but if your affairs are in order, no problem.
He didn't say it was illegal ... Clearly stated it makes one a target of le, which is true ... Followed by forfeiture, which has been used to bypass any silly constitutional restrictions on seizure of cash ...
Posted on 3/12/16 at 10:26 pm to djangochained
1990 says hello
Posted on 3/12/16 at 10:28 pm to Twenty 49
quote:
That's called structuring and can land you in federal pound you in the arse prison.
It'll only land you in prison if you're using the money for illicit purposes. If you're using the money for legit purposes, you're fine. The teller will just ask you what you're using the money for. They may file a suspicious activity report on you. If it's OVER $10K they're required to file a currency transaction report on you. But NEITHER of those reports means you're going to prison.
It is NOT against the law to withdraw any amount of cash from your account...as long as that withdrawal isn't tied to criminal activity.
Posted on 3/12/16 at 10:40 pm to BabyTac
Wire yourself the money to a local Western Union Brah.
Posted on 3/12/16 at 10:44 pm to tigerbutt
quote:
It's any amount OVER 10K not 10K.
Not exactly...
quote:
A customer is not directly told about the $10,000 threshold unless they initiate the inquiry. A customer may decline to continue the transaction upon being informed about the CTR, but this would require the bank employee to file a SAR. Once a customer presents or asks to withdraw more than $10,000 in currency, the decision to continue the transaction must continue as originally requested and may not be reduced to avoid the filing of a CTR. For instance, if a customer reneges on their initial request to deposit or withdraw more than $10,000 in cash, and instead requests the same transaction for $9,999, the bank employee should deny such a request and continue the transaction as originally requested by filing a CTR. This sort of attempt is known as structuring, and is punishable by federal law against both the customer and the bank employee.
ETA: $10,000 starts the threshold for all intents and purposes. Also, there are very very few legitimate reasons to need that much cash in 2016. Even if you do not have illegal reasons for the money, it is likely the party you're giving it to does.
This post was edited on 3/12/16 at 10:47 pm
Posted on 3/12/16 at 10:55 pm to slackster
Still waiting to see how this ends
Posted on 3/12/16 at 11:01 pm to BabyTac
Are you getting blow or some of that sticky icky?
Posted on 3/12/16 at 11:16 pm to slackster
quote:
ETA: $10,000 starts the threshold for all intents and purposes. Also, there are very very few legitimate reasons to need that much cash in 2016. Even if you do not have illegal reasons for the money, it is likely the party you're giving it to does.
Not suggesting this is the case because of the urgency, but one could literally pay cash for a vehicle. I did so with my motorcycle, and it would about 7K. This probably isn't the situation with the OP, but it's not like all versions of having 10K in cash are nefarious
Posted on 3/12/16 at 11:22 pm to willhigg6
No doubt. I've pulled out over that amount several times in the last few years for buying classic cars and have never had a problem or been water boarded.
Posted on 3/12/16 at 11:28 pm to BabyTac
You heading for Mexico baw?
Posted on 3/12/16 at 11:31 pm to SurfTide
How anyone doesn't keep at least 20 large at arms length if needed is beyond me. Excluding all the young liberal posters for obvious reasons.
Posted on 3/12/16 at 11:35 pm to Bushmaster
quote:
How anyone doesn't keep at least 20 large at arms length if needed is beyond me. Excluding all the young liberal posters for obvious reasons.
Just $20k hanging out in a safe at home?
Posted on 3/12/16 at 11:43 pm to The Easter Bunny
I said at least.
Posted on 3/13/16 at 12:21 am to Bushmaster
quote:
I said at least.
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Posted on 3/13/16 at 12:36 am to BabyTac
Bitcons
Posted on 3/13/16 at 2:04 am to BabyTac
You can make purchases at WalMart and get $100 cash back per purchase.
Buy yourself 100 bananas but you have to buy them separately.
It might take you all weekend to do this so you might as well wait for the bank to open.
P.S. If you've never written a check at a casino then you wouldn't be eligible to write a check that large.
Buy yourself 100 bananas but you have to buy them separately.
It might take you all weekend to do this so you might as well wait for the bank to open.
P.S. If you've never written a check at a casino then you wouldn't be eligible to write a check that large.
Posted on 3/13/16 at 6:51 am to BabyTac
Tell them to meet you at the appointed place and time, and just make sure the cops are there to arrest them. Problem solved.
Posted on 3/13/16 at 7:24 am to Red Stick Tigress
quote:
yourself 100 bananas but you have to buy them separately.
It might take you all weekend to do this so you might as well wait for the bank to open.
Don't forget to keep the receipts so you can return the bananas after. Nobody needs 100. And if that customer service lady gives you any shite, you tell her it's payback for having 30 checkout lanes, but only 2 open.
Posted on 3/13/16 at 7:46 am to Seeing Grey
quote:
So much fail in one post, it's not illegal to have cash on you in any amount.
Second, it's not illegal to withdrawal $9,999. It's just reported like every other 10k+ withdrawal. Now systematically doing something like that will draw scrutiny, but if your affairs are in order, no problem.
Do me a favor. Google civil asset forfeiture. Come back once you know what you're talking about.
You don't even have to be charged to have your cash seized. Having LE simply think you could be up to no good is the standard. Having that amount in cash certainly raises red flags.
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